PA > Philadelphia > Powelton Village
Philadelphia, PA 19104,3202 HAMILTON ST
Philadelphia, PA 19104,3202 HAMILTON ST
Philadelphia, PA 19104,3202 HAMILTON ST
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$1,395,000
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5,658 SqFt
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3202 HAMILTON ST Philadelphia, PA 19104

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Melissa Roswell

Melissa Roswell

+1(856) 904-9502

UPDATED:

08/25/2024 03:23 PM

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 5,658 sqft

Price per Sqft $246

Subdivision Powelton Village

MLS Listing ID PAPH2376868

Style Other

Abv Grd Liv Area 5,658

Originating Board BRIGHT

Year Built 1870

Annual Tax Amount $11,198

Tax Year 2024

Lot Size 2,000 Sqft

Acres 0.05

Lot Dimensions 20.00 x 100.00

Property Description

This sale includes both 3202 and 3204 Hamilton st buildings

This exceptional real estate opportunity encompasses both 3202 and 3204 Hamilton St buildings, offering a rare chance to acquire a PRIME location generational investment acquisition opportunity. This turnkey 4-unit property is in the heart of Powelton Village and Drexel University. Each building consists of two units, presenting a total of four units for potential investment.

The property boasts fully leased units until the end of August 2025 currently generating a total of $11,150 per month, offering 7+ cap rate. Each bi-level unit features a spacious open-concept common area, fully equipped kitchen, large bedrooms with full closets, hardwood floors, recessed lighting, modern bathrooms, and separate washer/dryer. Additionally, both Unit 1s are accompanied by a good-size backyard for outdoor space, and all units are metered separately. This building has been fully gutted and partially rebuilt few years ago, offering newer mechanicals, plumbing, electrical and more.

The location is unbeatable , appealing to students, medical professionals, and university staff due to its close proximity to Drexel University, Upenn, and nearby hospitals. Furthermore, with an abundance of public transportation options and its convenience to Downtown Philadelphia, the property is well-positioned for future appreciation potential.

The ongoing new developments in the area, such as Schuylkill Yards, Science Center, and University Place 3.0, further underscore the potential for long-term growth and appreciation.

This multifamily investment opportunity is not to be missed, offering a strong rental history and significant potential for appreciation. Act fast, properties like this one are rare to come to the market!

Location

State PA

County Philadelphia

Area 19104 (19104)

Zoning RTA1

Interior

Hot Water Natural Gas

Cooling Central A/C

Fireplace N

Heat Source Natural Gas

Exterior

Waterfront N

Water Access N

Accessibility None

Parking Type None

Garage N

Building

Sewer Public Septic

Water Public

Architectural Style Other

Additional Building Above Grade, Below Grade

New Construction N

Schools

School District The School District Of Philadelphia

Others

Tax ID 241179320

Ownership Fee Simple

SqFt Source Assessor

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Financing Cash,Conventional

Special Listing Condition Standard

Bright MLS (BMLS)
Listed by Reda B Akbil • Compass RE

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Melissa Roswell

Agent | License ID: 1540788

+1(856) 904-9502

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3202 HAMILTON ST

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